A bet on rebound.

With Memorial Day you're going to have pretty light trading the rest of the week and with thin trading it makes it easier to push markets around.
U.S. exchanges will be closed May 26 for the holiday.
Traders are speculating record oil prices and the deepest housing slump since the Great Depression will lead to wider stock swings.
Tracking the Dow on Tuesday,20/05/08


9:30pm--Early Bear Unshaven Candlestick.
Nearly a 80.0 points gap-down.Crude jumped to a trading high of $129.60.Wholesale inflation edged up by 0.2 percent in April.
10:30pm--1st hour,No sign of gap covering.
It's a bearish day.Another strong bear unshaven top and bottom.
11:30pm--2nd Hour,the Hangman.
It's still under hammering.Can't open position as no trace of a low.
12:30pm--3rd Hour,the Graveyard Doji.
A technical rebound and collapse again.
1:30pm--Noon session,the graveyard doji again.
The mood on the Street was further depressed Tuesday by sluggish retail reports and comments from Federal Reserve Vice Chairman Donald Kohn that policymakers are inclined to hold interest rates steady.
2:30pm--Technical bull spike up
The low of the day was finally set.A rebound to the bear pivot.
3:30pm--A spinning indecision doji.
A weak rebound to the bear pivot.
4:00pm--Closing bell,the inverted hammer.
A possible rebound.

Spiking oil and gas prices and a bigger-than-expected jump in a key inflation measure rattled investors during the week.The Dow skidded and landed right on target at the Bear Pivot in line with last wednesday's opening.
The pullback has completed and time to rebound again.